Adani Ports is divesting its 49% stake in Adani Ennore Container Terminal (AECTPL) to Terminal Investment (TiL) for Rs 247 crore. The box terminal located at Kamarajar Port in Ennore, 24km from Chennai, handles multiple types of cargo. AECTPL with concession ending in 2044 has an annual capacity of 0.8 million TEUs (twenty-foot equivalent units), which can be expanded to 1.4 million TEUs (annually). The company entered into a pact with Mundi, an indirect subsidiary of TiL and associate of Mediterranean Shipping.